FOREX VIP PROFIT SIGNALS review
General information
Today we will review the provider of signals called FOREX VIP PROFIT SIGNALS. The provider offers free and paid signals. The provider has a website, as well as Facebook and Instagram profiles.
Website
On the main page the provider writes the following: "FOREX SIGNALS WITH MORE THAN 95% ACCURACY AND VERY TIGHY STOP LOSS EVEN ON GOLD / XAUUSD"
http://www.forex-vipsignals.com/
Then they say that the team consists of professional traders. No one knows who they are. There is no information at all. Except for the price of subscriptions there is nothing. The site is abandoned and poorly functioning.
Social network
The provider has an Instagram account with 487 subscribers. On the main channel, successful trades and results that have already been closed are published, as well as advertising about the success rate of signals as high as 90-95%.
https://www.instagram.com/forex_vipsignals/
There is also a profile on tradingview with 75 subscribers. Last post was two years ago.
https://www.tradingview.com/u/Don_Hawkish/
Telegram
The main source of signals is the telegram channel. There are 7465 people subscribed to it. The average number of views is 89. The audience engagement is at a very low level and is equal to 1.18%.
If you look at the number of subscribers since the beginning of this 2022, it will be seen that it has increased and decreased sharply several times during this time. This suggests that the provider has inflated its channel.
In all the posts on the public telegram channel, the provider says that in two years all the trades have not been closed at stop loss and this is very unlikely. He also guarantees a profit. And last week the provider was able to generate 2757 points of profit according to his post without confirmations.
Signals
Let's analyze one of the latest signals from the provider's Telegram channel. The signal was for selling gold at the price of 1754.66. Stop Loss is at 1758.66 and Take Profits are at 1752.66, 1749.66, 1744.66. The risk/profit on this trade is terrible.
After opening the trade the price fluctuated for some time, but then went down and reached the first TP. The profit amounted to 30 points. The provider notified about it.
Another example. The signal was again to sell that gold at the price of 1782.62 Stop Loss at the level of 1786.62. Take profit at 1780.62, 1777.62, 1772.62. The ratio of risk to profit is terrible as usual. After opening the trade, the price immediately went according to the forecast and reached TP1 and TP2. The trade closed with a profit of +80 points.
Reviews
There are no reviews on major platforms about this provider of signals, including in the provider's Telegram channel.
Conclusion
Provider FOREX VIP PROFIT SIGNALS actively posts results from the VIP group without any proof. The volatile change in the number of subscribers tells us that the provider has inflated its channel. There is a high probability that the provider deceives us, and the degree of involvement confirms it. The provider actively maintains his Telegram channel, telling about his profitable trades, but the quality of forecasts, leaves much to be desired. Negative R:R in all trades, with a small stop loss. The claim that in two years not a single trade has closed at the stop is highly questionable. And as usual providing a history of results as well as screenshots will not prove that the results are verified. We have no evidence of at least 60% success rate, not to mention the exorbitant 95%. If FOREX VIP PROFIT SIGNALS is really so good why are there no reviews about it?
